HB108 Alabama 2014 Session

This bill would provide an optional non-itemized short form for filing a business personal property tax return for those taxpayers whose total original acquisition cost of all taxable tangible business personal property assets is equal to or less than $10,000 each year. The Department of Revenue would be required to design the short form along with filing instructions to be used when filing the short form with the applicable local tax assessing official or agency

This bill would require the Department of Revenue to develop and make available an online electronic filing system that would allow any taxpaying entity to electronically file any annual business personal property tax return that is required of the taxpaying entity by any local county assessing official. The bill would establish an advisory committee to oversee the development and implementation of the online filing system created under this act and would also provide that there shall be no charge to either a taxpayer or a local taxing jurisdiction to access or utilize the electronic filing system created under this act

This bill would allow the Department of Revenue to promulgate rules to implement the provisions of this act

Relating to business personal property tax; to provide an optional non-itemized short form for the filing of a business personal property tax return for those taxpayers whose total original acquisition cost of all taxable tangible business personal property assets is equal to or less than $10,000 each year; to provide that the Department of Revenue shall design the short form and filing instructions to be used when filing the short form; to require the Department of Revenue to develop and make available an online electronic filing system which allows any taxpaying entity to electronically file any annual business personal property tax return that is required of the taxpaying entity by any local county assessing official or applicable agency; to provide that there shall be no charge to either a taxpayer or a local taxing jurisdiction to access or utilize the electronic filing system created hereunder; to establish an advisory committee to oversee the development and implementation of the online filing system created under this act; and to allow the Department of Revenue to promulgate rules to implement the provisions of this bill.